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Economy



Morocco joins global FIT partnership to amplify trade influence

Morocco has become a founding member of the newly launched Future of Investment and Trade Partnership (FIT), a coalition of 14 nations aimed at strengthening the global trade influence of small and medium-sized economies. The initiative, formalized during a virtual ministerial meeting on September 16,......

Moroccan jewelers move to formalize gold trade with new import company

Moroccan jewelers are preparing to launch a gold import company under the leadership of the Moroccan Federation of Jewelers. This initiative seeks to combat the dominance of the informal market and establish a more regulated and stable gold industry in Morocco. Tackling informality in the gold sector The......

Morocco takes lead as chair of GSTP Participants’ Committee for 2025-2026

Morocco’s Permanent Representative to the United Nations Office and other international organizations in Geneva, Ambassador Omar Zniber, has been appointed as the Chair of the Committee of Participants of the Global System of Trade Preferences among Developing Countries (GSTP) for the 2025-2026......

Morocco appoints arbitrator in $2.2 billion Emmerson mining dispute

Morocco has officially appointed Professor Zachary Douglas KC as its arbitrator in the $2.2 billion dispute with British mining company Emmerson Plc. The arbitration, overseen by the International Center for Settlement of Investment Disputes (ICSID), marks a critical step in a case that highlights the......

US tariffs ignite global trade tensions and economic uncertainty

New tariffs reshape international trade dynamics US President Donald Trump has implemented sweeping tariffs on imports from over 90 countries, sparking diplomatic tensions and economic anxiety worldwide. The tariffs aim to address what the administration views as a skewed global trade system. On his......

Casablanca airport expansion: Morocco builds its gateway to the world

Morocco’s ambitions to become a global aviation hub are taking flight as groundwork begins for a new terminal at Mohammed V International Airport in Casablanca. This transformative project, under the National Airports Office’s (ONDA) “Airports 2030” strategy, aims to elevate the......

US and China reach new trade agreement

President Donald Trump announced that the United States and China have recently signed a trade deal aimed at resolving the ongoing trade conflict between the two largest global economies. Speaking at a White House event on Thursday evening, Trump confirmed the signing but did not offer further details.......

Morocco establishes itself as a key player in the international medical cannabis market

Morocco has reached a significant milestone in the development of its medical cannabis industry with the recent export of a shipment of the local "Beldiya" cannabis variety to Australia. This shipment marks a crucial step in the international expansion of Morocco’s regulated cannabis......

Trump Doubles Tariffs on Steel and Aluminum to 50 amid Growing Trade Tensions

U.S. President Donald Trump has significantly increased tariffs on imported steel and aluminum, raising them to 50%. This move, announced in a presidential order effective from 12:01 a.m. local time on Tuesday, is presented as a measure to protect national security. According to the White House, although......

Cannabis legalization reshapes Moroccan agriculture and rural economy

Morocco, one of the world’s top hashish producers, is undergoing a major transformation. With Law 13-21 legalizing cannabis for medical, cosmetic, and industrial uses, the country is shifting from black market cultivation to a regulated economy aimed at revitalizing its rural regions. A new legal......

China and US Ease Trade Tensions with Temporary Truce

A recent trade agreement between China and the United States, brokered in Geneva through Swiss mediation, has led to a temporary de-escalation of trade tensions. The deal includes a 90-day suspension of certain tariffs, aiming to restore mutual trust and explore future economic collaboration. Both nations......

China Eases Layoff Threat with Tariff Cuts but Job Market Still Struggles

BEIJING, May 16 (Reuters) – Liu Shengzun, a Chinese factory worker, lost two jobs in a single month as U.S. tariffs soared in April, forcing companies in Guangdong to slash production. Though a recent easing of tariffs has brought some relief, Liu has abandoned the industrial sector entirely, returning......

US and China set for trade talks in Switzerland amid escalating tariff dispute

The United States and China are scheduled to meet in Switzerland this week to begin formal trade discussions, marking the first official talks between the two countries since the onset of a new wave of tariffs. The talks come at a time of heightened economic tension following US President Donald Trump's......

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